Work Order Issuance Procedures
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Questions and Answers

What is the weight assigned to the performance under RIDF?

  • 5%
  • 10%
  • 15% (correct)
  • 20%

    • Which component contributes the least percentage to the evaluation criteria mentioned?

  • Performance under RIDF
  • Utilisation of Drawables (correct)
  • Inverse of Per Capita PS Credit
  • Average disbursements

    • What percentage is allocated to Average Disbursements in the assessment criteria?

  • 15%
  • 5%
  • 20%
  • 10% (correct)

    • How much does Inverse of Per Capita PS Credit contribute to the total evaluation?

    <p>15%</p> Signup and view all the answers

    Which of the following statements correctly combines two components of the evaluation?

    <p>Inverse of Per Capita PS Credit and Average Disbursements account for 25% combined.</p> Signup and view all the answers

    What is the maximum duration for which a request for extension of time can be granted at the level of ROs for projects sanctioned under Tranche XXVI and onwards?

    <p>2 months</p> Signup and view all the answers

    What must ROs do when considering requests for an extension of time?

    <p>Record specific reasons for the request</p> Signup and view all the answers

    What action may be taken if sanctioned projects are not grounded within 18 months from the date of the sanction letter?

    <p>Consider the projects as deleted/withdrawn with approval</p> Signup and view all the answers

    When a request for an extension of time exceeds 3 months, what is the required procedure?

    <p>Refer to the Head Office</p> Signup and view all the answers

    What format must the details of deleted or withdrawn projects be forwarded to the Head Office?

    <p>Prescribed format</p> Signup and view all the answers

    What is the role of the Regional Office (RO) regarding project sanctions?

    <p>Consider extension requests and delete projects if needed</p> Signup and view all the answers

    What is the initial time period for consideration of an extension of time for sanctioned projects?

    <p>Up to 2 months</p> Signup and view all the answers

    Who must approve the deletion/withdrawal of projects that are not grounded within the stipulated time?

    <p>CGM/OIC</p> Signup and view all the answers

    What is the maximum cost escalation percentage permitted for projects with a phasing period of more than 02 years?

    <p>Up to 10%</p> Signup and view all the answers

    Which of the following is NOT a reason for cost escalation that is beyond the control of State Governments?

    <p>Natural disasters</p> Signup and view all the answers

    What is the role of State Governments regarding cost escalation beyond the in-built provision?

    <p>They must meet escalations from their own resources.</p> Signup and view all the answers

    What is the limit for considering land acquisition costs due to judicial intervention?

    <p>60% of the cost of land acquisition</p> Signup and view all the answers

    Which circular addresses the eligibility of cost escalation under RIDF for projects with a phasing duration of over two years?

    <p>Circular No. 182/SPD-4/2008</p> Signup and view all the answers

    What is the first step when unexpected cost escalations occur?

    <p>Assess if the escalation is covered under in-built provisions.</p> Signup and view all the answers

    What document outlines the conditions under which State Governments may seek cost escalation?

    <p>Circulars from the relevant authority</p> Signup and view all the answers

    Which of the following escalations is considered part of the in-built provision?

    <p>Cost included in the updated cost estimation</p> Signup and view all the answers

    What is the time frame for issuing a work order after receiving sanction?

    <p>9 months</p> Signup and view all the answers

    How long does the grounding of a project have to occur after the sanction date?

    <p>12 months</p> Signup and view all the answers

    What should the State/UT Governments secure prior to or within one month of the in-principle sanction?

    <p>Administrative Approval</p> Signup and view all the answers

    What challenges are acknowledged regarding the Administrative Approval process?

    <p>Practical difficulties</p> Signup and view all the answers

    What is the role of the ROs in relation to the State Governments and Administrative Approval?

    <p>To impress upon the Governments to obtain approvals</p> Signup and view all the answers

    What is the initial expectation regarding Administrative Approval and Technical Sanction before project sanction under RIDF?

    <p>They are expected to already be in place.</p> Signup and view all the answers

    When can the Administrative Approval be delayed?

    <p>When practical difficulties arise</p> Signup and view all the answers

    What is the significance of the one month period mentioned in the context of the in-principle sanction?

    <p>It is the deadline for securing Administrative Approval.</p> Signup and view all the answers

    What is the primary purpose of adopting the project approach?

    <p>To ensure proper end use of funds</p> Signup and view all the answers

    What key factor must be considered when preparing cost estimates for RIDF projects?

    <p>Alignment with the latest Schedule of Rates</p> Signup and view all the answers

    Which type of items are eligible for funding under RIDF?

    <p>Identifiable capital items</p> Signup and view all the answers

    Who receives the checklists for preparing RIDF projects?

    <p>State Governments</p> Signup and view all the answers

    When were the checklists for RIDF project preparation sent to State Governments?

    <p>30 September 2005</p> Signup and view all the answers

    What is a critical step in the preparation of cost estimates for projects?

    <p>Ensuring detailed field surveys are conducted</p> Signup and view all the answers

    Which type of projects are included in the scope of the RIDF checklists?

    <p>Various sectors including agriculture and social sectors</p> Signup and view all the answers

    What aspect should be avoided in cost estimation for RIDF projects?

    <p>Using outdated market rates</p> Signup and view all the answers

    What percentage of the evaluation criteria is assigned to the Utilisation of Drawables component?

    <p>5%</p> Signup and view all the answers

    Which two components combined contribute a total of 30% to the evaluation criteria?

    <p>Average disbursements and Performance under RIDF</p> Signup and view all the answers

    If the total evaluation criteria equals 100%, which component has the largest individual contribution?

    <p>Performance under RIDF</p> Signup and view all the answers

    Which of the following options reflects the combined contribution of Inverse of Per Capita PS Credit and Average Disbursements?

    <p>25%</p> Signup and view all the answers

    What is the combined percentage allocation for the components related to Performance under RIDF?

    <p>15%</p> Signup and view all the answers

    What factor influences the interest rates payable to banks concerning deposits with NABARD?

    <p>The prevailing Bank Rate at the time of placement</p> Signup and view all the answers

    Which statement accurately reflects the relationship between RIDF and Priority Sector Lending?

    <p>A shortfall in achieving Priority Sector Lending affects deposit interest rates.</p> Signup and view all the answers

    What is most likely a consequence of not grounding sanctioned projects within 18 months?

    <p>NABARD may take corrective action regarding the sanction.</p> Signup and view all the answers

    Which criterion might NOT be a significant factor in the evaluation of RIDF project approvals?

    <p>Historical project success rates of the implementing agency</p> Signup and view all the answers

    What is the implication of linking deposit rates to the prevailing Bank Rate?

    <p>Interest rates will fluctuate based on external economic conditions.</p> Signup and view all the answers

    Which committee is responsible for sanctioning project proposals involving UI loan amounts exceeding Rs. 300 crore?

    <p>Sanctioning Committee of the Board</p> Signup and view all the answers

    Which members are included in the Sanctioning Committee of the Board?

    <p>Chairman NABARD, Deputy Governor of RBI, RBI Board Director</p> Signup and view all the answers

    What is the primary function of the Sanctioning Committee as referenced in the content?

    <p>Consider project sanction proposals exceeding specific financial limits</p> Signup and view all the answers

    Who makes up the representation of the Government of India (GoI) on the NABARD Board?

    <p>Finance and Agriculture Ministry Representatives</p> Signup and view all the answers

    In which context are the DMoS and annexures submitted by ROs vetted?

    <p>After approval from the Competent Authority</p> Signup and view all the answers

    Which of the following roles is NOT part of the Sanctioning Committee of the Board?

    <p>Director representing the Agriculture Sector</p> Signup and view all the answers

    What type of loan proposals does the Sanctioning Committee specifically consider?

    <p>Proposals involving UI loans over Rs. 300 crore</p> Signup and view all the answers

    Which clause outlines the appointment of Directors on the NABARD Board?

    <p>s6(1)(c) of the NABARD Act</p> Signup and view all the answers

    Who represents the Government of India on the NABARD Board as per the NABARD Act?

    <p>A representative from the Ministry of Rural Development</p> Signup and view all the answers

    How many representatives of State Governments are nominated under section 6(1) of the NABARD Act?

    <p>Two representatives</p> Signup and view all the answers

    What is the minimum quorum required for a meeting of the SCB as specified in the NABARD Act?

    <p>3 members, including 2 from specific sections</p> Signup and view all the answers

    Which position on the NABARD Board is currently vacant?

    <p>Managing Director</p> Signup and view all the answers

    Which sections of the NABARD Act outline the nomination process for members?

    <p>6(1)(c), 6(1)(d), 6(1)(e)</p> Signup and view all the answers

    What percentage of NA can be considered for projects located in declared disaster-affected districts due to calamities?

    <p>75%</p> Signup and view all the answers

    Which sector cap has been removed, allowing bridge projects to fall within a larger connectivity sector cap?

    <p>Rural Connectivity</p> Signup and view all the answers

    What is the fixed cap for the Social Sector, excluding Rural Drinking Water Supply, as a percentage of the total allocation?

    <p>15%</p> Signup and view all the answers

    Which authority is responsible for declaring calamities for project considerations?

    <p>Competent Authority of the State Government</p> Signup and view all the answers

    What is the time frame within which calamities must have been declared to consider project funding?

    <p>Last 3 years</p> Signup and view all the answers

    On what basis is the additional relaxation to states determined?

    <p>Relevant factors</p> Signup and view all the answers

    What specific sub-sector cap related to Bridges has been mentioned in the relaxation?

    <p>10%</p> Signup and view all the answers

    Which projects fall under the overall connectivity sector cap stipulated for states/regions?

    <p>Bridge Projects</p> Signup and view all the answers

    Who has the authority to decide on specific cases for project evaluations?

    <p>SCB</p> Signup and view all the answers

    What does the abbreviation 'UI' in the context of allocation likely stand for?

    <p>Utilization Index</p> Signup and view all the answers

    Study Notes

    Work Order and Project Timeline

    • Work order issuance must occur within 9 months of sanction date.
    • Project grounding should take place within 12 months from sanction date.

    Administrative Approval

    • Administrative Approval and Technical Sanction should ideally be secure before project sanction under RIDF.
    • For practicality, State/UT Governments are encouraged to obtain Approval within one month of in-principle sanction.
    • Extensions up to 2 months can be granted at the discretion of Regional Offices (ROs) based on specific merits of each case.

    Project Deletion and Withdrawal

    • If projects remain ungrounded (work order not issued) after 18 months from the sanction letter, they may be treated as deleted/withdrawn with CGM/OIC approval.
    • Details of withdrawn projects should be submitted to the Head Office in a prescribed format.

    Performance Metrics

    • Inverse of Per Capita PS Credit is assessed with a performance benchmark of 15%.
    • Average disbursements contribute 10% to performance evaluation.
    • Utilization of Drawables accounts for 5% of the performance metric.

    Project Approach Concept

    • Emphasizes proper fund management, timely project completion, and realization of expected benefits.

    Appraisal & Sanction Process

    • Checklists for RIDF projects in agriculture, irrigation, roads, and social sectors have been provided to State Governments.
    • Cost estimates should align with the most recent Schedule of Rates, reflecting current market conditions, and must follow detailed field surveys.

    Cost Escalation Provisions

    • Up to 5% cost escalation is permissible for projects phased over two years, and 10% for projects requiring more than two years.
    • State Governments must cover any additional cost escalation out of their resources, except under certain conditions.

    Considerations for Exceptional Cost Escalation

    • Genuine reasons for cost escalation due to unforeseen changes or judicial interventions in land acquisition may be considered, limited to 60% of the land acquisition cost.

    Project Proposals and Sanctioning Committee

    • Eligible project proposals seeking UI loans exceeding ₹300 crore require approval from the Sanctioning Committee of the Board (SCB) at NABARD.
    • SCB includes key members: Chairman (NABARD), Deputy Governor (RBI), Director representing RBI, and representatives from Government of India (Finance and Agriculture).
    • Two representatives from State Governments are also part of the SCB, ensuring a diverse perspective in the decision-making process.
    • The Managing Director of NABARD is currently vacant, alongside the involvement of Deputy Managing Directors in the committee's operations.
    • A quorum for SCB meetings requires at least 3 members, with a minimum of 2 from the specific nominee categories mentioned in the NABARD Act.

    Loan Disbursement and Allocation

    • Average disbursements and utilization of drawables are critical metrics; disbursement rate holds a weight of 10%, while drawable utilization accounts for 5%.
    • Relaxations up to 75% of the norm are available for projects in declared disaster-affected districts due to calamities such as earthquakes or cyclones within the last 3 years.
    • The cap on social sectors, excluding Rural Drinking Water Supply, is set at 15% of total allocations for any tranche under NABARD.

    Interest and Deposit Rates

    • Rates payable on deposits by banks to NABARD and loans are tied to the prevailing Bank Rate during the time of placement or disbursement.
    • The interest rates for financial support are influenced by overall achievements in priority sector lending.

    Sector-Specific Guidelines

    • The sub-sectoral cap for Bridges under Rural Connectivity has been lifted, allowing bridge projects to be included within the overall connectivity sector cap for various states and regions.
    • Social Sector allocations are managed with a set percentage, ensuring essential services receive adequate funding within the broader financial framework established by NABARD.

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    Related Documents

    Master Circular On RIDF PDF 2022

    Description

    This quiz covers the procedures for issuing work orders within a specified timeframe, specifically focusing on the 9-month regulation from the date of sanction. Test your knowledge on the requirements and best practices related to work order management.

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